Prove Bitcoin is not a bubble - page 2.

Labajah

newbie

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Quote from: freightjoe on December 27, 2017, 07:22:42 AM

Bitcoin fans keep saying "prove it is a bubble" because they do not believe it is - but this is a false question.

The real question all you bitcoin fans should be able to answer is: Prove that bitcoin is not a bubble.

A bubble is when the price of something is far higher than the fundamental value.

Bitcoin gives you ownership of nothing (a stock gives you ownership of tangible assets)
Bitcoin pays no dividend
Bitcoin gives you no right to future payments (bonds give you the right to payments)
Bitcoin gives you no patents or trademarks
Bitcoin gives you no legal rights

Given these facts, you Bitcoin fans need to prove that the fundamental value is different from zero (or close to zero) - otherwise it is a by definition a bubble

This is the proof that bitcoin is not a bubble because until now bitcoin still remain and popular. Even if a lot of trials that comes to bitcoin but still bitcoin until now survive. And alot of progressive country's are now accepting bitcoin as legal tender....

beryziq

jr. member

Activity: 31

Merit: 5

Quote from: freightjoe on December 27, 2017, 07:22:42 AM

Bitcoin fans keep saying "prove it is a bubble" because they do not believe it is - but this is a false question.

The real question all you bitcoin fans should be able to answer is: Prove that bitcoin is not a bubble.

A bubble is when the price of something is far higher than the fundamental value.

Bitcoin gives you ownership of nothing (a stock gives you ownership of tangible assets)
Bitcoin pays no dividend
Bitcoin gives you no right to future payments (bonds give you the right to payments)
Bitcoin gives you no patents or trademarks
Bitcoin gives you no legal rights

Given these facts, you Bitcoin fans need to prove that the fundamental value is different from zero (or close to zero) - otherwise it is a by definition a bubble

I found an interesting review to answer that question. Check here: https://www.quora.com/Is-bitcoin-worth-investing-in

darkangel11

legendary

Activity: 2478

Merit: 1360

Don't let others control your BTC -> self custody

Quote from: freightjoe on December 27, 2017, 07:22:42 AM

Bitcoin gives you ownership of nothing (a stock gives you ownership of tangible assets)
Bitcoin gives you no right to future payments (bonds give you the right to payments)
Bitcoin gives you no patents or trademarks
Bitcoin gives you no legal rights

I like it how limited your understanding of the world is.
Bitcoin gives you ownership of a Bitcoin, it's that simple. You hold BTC, you hold the value in your hand, just like when you're holding a piece of valuable art. You know that some people are willing to pay a lot of money for it and that's it. One day that piece of art may be worth nothing just because you won't be able to find people willing to buy it, even though everyone knows that it used to be valued at 1000 USD for instance. That's the risk each of us has to take every day.
Bonds don't give you the right to a payment. They give you a promise of a payment, which is much different. Promises can be broken.

DAVETUN

full member

Activity: 728

Merit: 101

Bitcoin is the currency of this age

Bitcoin has being here for over 4 years and still standing with an increasing community, sure if it was a bubble sure it will have gone into extinction, it is still an evolving currency, here to stay and become relevant globally, if you not an investor, do not scare others away, sure will be convince to join the community soon.

andohyeb

member

Activity: 287

Merit: 10

The bearish market is the main cause many believe bitcoins is a bubble but it seems it is not the first time bitcoins has behave this way and this is more prove to haters that bitcoins is here to stay despite the downward trend of its price.

Minerall

jr. member

Activity: 235

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We should end this debate once and for all. Bitcoin has been slapping the haters for many years now. The value of Bitcoin depicts that it is not a bubble. Bitcoin has become the world's sixth biggest currency of the world. Whats more surprising than that? I hope there is no more discussion.

freightjoe

full member

Activity: 238

Merit: 109

Quote from: cris17 on December 27, 2017, 12:14:41 PM

Very funny question. You think BTC is a bubble? Market Cap of BTC is $253,408,802,317 ....still you think its bubble? who will invest is bubble such huge amount of money? Today crypto currencies market cap is Market Cap: $573,726,741,543 - 44.2% is BTC dominance. This fact is enough to understand it's not a bubble.

It would interesting to hear the so-called "investors" in here that denied BTC was a bubble in December - how do you then explain what happened?

vincentong17

member

Activity: 266

Merit: 17

For me Cryptocurrency has a zero value and it's worthless they are connected to bitcoin. but for me Bitcoin is not a bubble. It is surrounded by many technologies and it will be worth to wait in the next 2 years to come. If the halving is happening probably some coins will fall down.

FUD Expert

full member

Activity: 434

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Bitcoin is not a bubble because the bubble events are hyped in a very short time but bitcoin still remains here and improving. It's a technology that evolves unlike the tulip mania or dot com that will stay the same.

Asuspawer09

sr. member

Activity: 1820

Merit: 436

Quote from: freightjoe on December 27, 2017, 07:22:42 AM

Bitcoin fans keep saying "prove it is a bubble" because they do not believe it is - but this is a false question.

The real question all you bitcoin fans should be able to answer is: Prove that bitcoin is not a bubble.

A bubble is when the price of something is far higher than the fundamental value.

Bitcoin gives you ownership of nothing (a stock gives you ownership of tangible assets)
Bitcoin pays no dividend
Bitcoin gives you no right to future payments (bonds give you the right to payments)
Bitcoin gives you no patents or trademarks
Bitcoin gives you no legal rights

Given these facts, you Bitcoin fans need to prove that the fundamental value is different from zero (or close to zero) - otherwise it is a by definition a bubble

I do not think you have to fight either it is a bubble or not. Its not the real deal. We all have different opinion unto something, a bitcoin fan or not. What matters is how you manipulate your own.

Shreek

full member

Activity: 476

Merit: 112

IDENA.IO - Proof-Of-Person Blockchain

I do not know why the term bitcoin bubble emerges, does it come from people who do not understand bitcoin or arise from people who are unsure of bitcoin.
so I'd better not listening to them talking about things that can make bitcoin crumble. I'm sure bitcoin will take us to a bright future, because it's not a bubble or a scam.

josephpogi

full member

Activity: 434

Merit: 168

Quote from: freightjoe on December 27, 2017, 07:22:42 AM

Bitcoin fans keep saying "prove it is a bubble" because they do not believe it is - but this is a false question.

The real question all you bitcoin fans should be able to answer is: Prove that bitcoin is not a bubble.

A bubble is when the price of something is far higher than the fundamental value.

Bitcoin gives you ownership of nothing (a stock gives you ownership of tangible assets)
Bitcoin pays no dividend
Bitcoin gives you no right to future payments (bonds give you the right to payments)
Bitcoin gives you no patents or trademarks
Bitcoin gives you no legal rights

Given these facts, you Bitcoin fans need to prove that the fundamental value is different from zero (or close to zero) - otherwise it is a by definition a bubble

Bitcoin is not a bubble because if we talk about bubble - uselesd not profitable ! So i think bitcoin will change the world because this bitcoin can help a lot of people who have a poverty in their life like me and bitcoin is a hope for us and hope that someday all goverments accept this.

Deubila

member

Activity: 252

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Quote from: barneystinson on January 22, 2018, 01:55:50 AM

Quote from: konfuci on December 27, 2017, 07:28:14 AM

Bitcoin price is not a bubble as it justifies its value and ready to change revolution in world's market Platform.

Those who always says that bitcoin is a bubble are those that wanted to cause FUD in the market. Why? They are looking for an opportunity to buy the dips. Think of the incident related to Jamie Dimon last year. Those who were not able to ride the waves during the price of btc was still small are the ones causing these FUD's nowadays.

Since its inception in 2008, Bitcoin has had a great impact on the world financial market. A long seven-year development has proven to be a stable development of bitcoin in the cryptocurrency market. Bitcoin has created a new financial investment trend in the world and is receiving tremendous support from the investment community around the world.

dinofelis

hero member

Activity: 770

Merit: 629

Quote from: Vigme86 on January 22, 2018, 02:03:04 AM

You should study a little bit before asking something like that Roll Eyes

... nothing has a fundamental value, the price of something (a commodity, a product, a service, whatever) is always given by the match between supply and demand.

No, this is not true. There is fundamental value, which is economic utility. Food has economic utility. The joy in your life is higher if you have food than if you don't. And economic utility is related to personal joy (or removal of personal suffering). There ARE a lot of things that are perceived as bringing joy, and they are the basis of what is called economic utility: a house, food, entertainment,.... everything we want as end consumer. Our desires. Price results from economic utility confronted with scarcity. Food is not very expensive (even though it is just as useful) if there's plenty ; food becomes very expensive if there's almost none and we fight over it.

Assets are indirect owners of provision of economic utility. Production capital has indirect economic utility, because it can provide the market with consumption goods that increase joy of consumers. You can package this more and more, and the complicated derivation of all these things down to "joy" is what is the fundamental of an asset. Bitcoin has none.

dinofelis

hero member

Activity: 770

Merit: 629

Quote from: freightjoe on December 27, 2017, 07:22:42 AM

Bitcoin fans keep saying "prove it is a bubble" because they do not believe it is - but this is a false question.

The real question all you bitcoin fans should be able to answer is: Prove that bitcoin is not a bubble.

A bubble is when the price of something is far higher than the fundamental value.

Bitcoin gives you ownership of nothing (a stock gives you ownership of tangible assets)
Bitcoin pays no dividend
Bitcoin gives you no right to future payments (bonds give you the right to payments)
Bitcoin gives you no patents or trademarks
Bitcoin gives you no legal rights

Given these facts, you Bitcoin fans need to prove that the fundamental value is different from zero (or close to zero) - otherwise it is a by definition a bubble

Actually, this is bitcoin's strength: its fundamental value IS zero, as you correctly said. As such, whether a bitcoin costs $1, or it costs $1M, is the same. There is no difference, the ratio is in any case infinite. This is why, given that there is strictly no reference value (a fundamental), bitcoin can have just any price, and any price is as good as any other. Whether you overpay something an infinite times, or an infinite times, is equivalent. That's entirely different if bitcoin were to have a small, but real, fundamental value. if bitcoin had something like, say, $10 of economic utility, paying $20 for a bitcoin seems not such a terribly bad idea, but paying $1000 for a bitcoin would be entirely objectively stupid, and the bubble would crash.

However, given that paying $1 for a coin is already *entirely* irrational, and we're used to that for many years, it is not more irrational to pay $1M for it than it is to pay $1 for it. This is why bitcoin keeps on bubbling, and the sky is the limit. Tullips only bubbled once. The South Seas only bubbled once. But bitcoin bubbled already 3 times: in 2011, in 2013 and in 2017. Because, exactly, its fundamental is zero.

Dexion

full member

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Quote from: imdabest239 on December 27, 2017, 07:41:41 AM

it is not a bubble only because the price is purely based on speculation and what other people are thinking about it. If people think that it is crap and they do not want to invest on it, the price will go literally to zero in just a few minutes.

it seems that many people say bitcoin is a bubble, some even say that bitcoin is a scam. I think this is a wrong statement. and they are also impatient so too quickly assess bitcoin.
probably because of this bubble reason they are afraid and worried to invest in bitcoin

Vigme86

full member

Activity: 378

Merit: 103

Quote from: freightjoe on December 27, 2017, 07:22:42 AM

Bitcoin fans keep saying "prove it is a bubble" because they do not believe it is - but this is a false question.

The real question all you bitcoin fans should be able to answer is: Prove that bitcoin is not a bubble.

A bubble is when the price of something is far higher than the fundamental value.

Bitcoin gives you ownership of nothing (a stock gives you ownership of tangible assets)
Bitcoin pays no dividend
Bitcoin gives you no right to future payments (bonds give you the right to payments)
Bitcoin gives you no patents or trademarks
Bitcoin gives you no legal rights

Given these facts, you Bitcoin fans need to prove that the fundamental value is different from zero (or close to zero) - otherwise it is a by definition a bubble

You should study a little bit before asking something like that Roll Eyes

... nothing has a fundamental value, the price of something (a commodity, a product, a service, whatever) is always given by the match between supply and demand.

Bitcoin has value because it is scarce, it's digital gold, the supply cannot be infinite, and that's all.

barneystinson

jr. member

Activity: 103

Merit: 1

Quote from: konfuci on December 27, 2017, 07:28:14 AM

Bitcoin price is not a bubble as it justifies its value and ready to change revolution in world's market Platform.

Those who always says that bitcoin is a bubble are those that wanted to cause FUD in the market. Why? They are looking for an opportunity to buy the dips. Think of the incident related to Jamie Dimon last year. Those who were not able to ride the waves during the price of btc was still small are the ones causing these FUD's nowadays.

GreenBits

legendary

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Quote from: ItalianBitcoin3r on January 06, 2018, 10:54:18 AM

Quote from: Assface16678 on January 06, 2018, 10:52:54 AM

If you believe that bitcoin is just a bubble, the 7 years of time for you is just a short time ? You can say that its just a bubble because you cant believe to its price and you have doubts giving it a try and if it is a bubble then if it was just a $10k , someone could've take it and be a billionaire.

i completely agree...
bubble is for the ones who are here.. but too late :-)

I would think that the term 'bubble' would be respective of the entire market, not a personal snapshot. Of course, if you got in a few years ago, this is far from a bubble. But to a guy that just started observing the market in say, 2017, this would certainly look like a bubble, especially retrospective if it pops.

this much growth is unsustainable. we have seen some considerable retreat in the last quarter of 2017. I cant say for sure yet, as we are so fresh into the New Year, but we are still seeing a bull run. If this is the point that the rest of the world will adopt bitcoin, then the support they provide will establish a new price floor at these levels. But if this is just speculation (I assume this, but exchange congestion seems to indicate otherwise), the price may see q1-q2 price levels if we correct.

But we are still seeing capital inflows from traditional VC.. This ride might not be over yet!

bitcoinerjawa

member

Activity: 364

Merit: 10

Quote from: freightjoe on December 27, 2017, 07:22:42 AM

Bitcoin fans keep saying "prove it is a bubble" because they do not believe it is - but this is a false question.

The real question all you bitcoin fans should be able to answer is: Prove that bitcoin is not a bubble.

A bubble is when the price of something is far higher than the fundamental value.

Bitcoin gives you ownership of nothing (a stock gives you ownership of tangible assets)
Bitcoin pays no dividend
Bitcoin gives you no right to future payments (bonds give you the right to payments)
Bitcoin gives you no patents or trademarks
Bitcoin gives you no legal rights

Given these facts, you Bitcoin fans need to prove that the fundamental value is different from zero (or close to zero) - otherwise it is a by definition a bubble

if a new player then they will call it bitcoin not bubble but for the old bitcoin players is said to be bubble, so a lot of new players who actually do not really understand how bitcoin works and what bitcoin prices should be, so just follow the flow follow the new players want to play like what and do not forget to take advantage of their game.

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